AMD
Advanced Micro Devices, Inc.
AMD has the edge over TXN overall, supported by stronger valuation and stronger fundamentals.
TXN
Texas Instruments Incorporated
TXN has lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
TXN Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Strong | |
| Healthy |
TXN's revenue, profitability, cash flow and balance sheet are all currently healthy.
AMD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 39x | $585 | — |
| Cheap | 40x | $182 | -69% |
| Fair | 112x | $514 | -12% |
| Current | 127x | $585 | — |
| Expensive | 206x | $947 | +62% |
Historical ranges are pointers, not guarantees.
AMD's PE is in its fair range at 127x. If earnings grow as analysts expect, today's price would be 39x next year's earnings, in its cheap range.
TXN PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 19x | $150 | -52% |
| Fair | 27x | $206 | -34% |
| Forward | 28x | $312 | — |
| Expensive | 36x | $276 | -12% |
| Current | 40x | $312 | — |
Historical ranges are pointers, not guarantees.
TXN has the edge over AMD in the historical PE scenario, which offers more potential upside but is not a forecast.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
TXN Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Moderate | |
| Moderate |
Analysts expect strong earnings and revenue growth for TXN, with profitability improving.
AMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.05 | +227% |
| Q3 2026 | $4.60 | +127% |
| Q2 2026 | $3.89 | +122% |
| Q1 2026 | $3.05 | +123% |
| Q4 2025 | $2.65 | +165% |
| Q3 2025 | $2.03 | +81% |
| Q2 2025 | $1.75 | +111% |
| Q1 2025 | $1.37 | +99% |
| Q4 2024 | $1.00 | +89% |
AMD has the edge over TXN on earnings, with more consistent year-over-year improvement.
TXN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $11.25 | +46% |
| Q3 2026 | $7.72 | +41% |
| Q2 2026 | $6.58 | +20% |
| Q1 2026 | $5.85 | +11% |
| Q4 2025 | $5.45 | +4.8% |
| Q3 2025 | $5.48 | +1.7% |
| Q2 2025 | $5.47 | -5.2% |
| Q1 2025 | $5.28 | -18% |
| Q4 2024 | $5.20 | -26% |
TXN earned $7.72 per share over the past year, up 41% from the year before.
AMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
| Q4 2024 | $7.7B | +24% |
AMD has the edge over TXN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +7.4 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 14% | +3.6 points |
| Q4 2025 | 17% | +5.7 points |
| Q3 2025 | 14% | +3.1 points |
| Q2 2025 | -1.7% | -6.4 points |
| Q1 2025 | 11% | +10 points |
| Q4 2024 | 11% | +5.8 points |
AMD's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
TXN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $6.1B | +28% |
| Q2 2026 | $5.5B | +23% |
| Q1 2026 | $4.8B | +19% |
| Q4 2025 | $4.4B | +10% |
| Q3 2025 | $4.7B | +14% |
| Q2 2025 | $4.4B | +16% |
| Q1 2025 | $4.1B | +11% |
| Q4 2024 | $4B | -1.7% |
TXN's revenue has grown year over year for seven quarters in a row: $6.1B last quarter, up 28% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 47% | +12 points |
| Q2 2026 | 42% | +7.1 points |
| Q1 2026 | 37% | +4.9 points |
| Q4 2025 | 33% | -1.1 points |
| Q3 2025 | 35% | -2.4 points |
| Q2 2025 | 35% | +2.5 points |
| Q1 2025 | 33% | -2.6 points |
| Q4 2024 | 34% | -3.2 points |
TXN has the edge over AMD on profitability, with a higher operating margin.
AMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $554M | -71% |
| Q2 2026 | $1.6B | -9.9% |
| Q1 2026 | $2.6B | +253% |
| Q4 2025 | $2.4B | +118% |
| Q3 2025 | $1.9B | +283% |
| Q2 2025 | $1.7B | +294% |
| Q1 2025 | $727M | +92% |
| Q4 2024 | $1.1B | +351% |
AMD generated $7.1B in free cash flow over the past year, up 30% from the year before.
TXN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $3B | +198% |
| Q2 2026 | $2.2B | +294% |
| Q1 2026 | $844M | +$1.1B |
| Q4 2025 | $1.3B | +65% |
| Q3 2025 | $993M | +139% |
| Q2 2025 | $555M | +9.5% |
| Q1 2025 | -$274M | -$43M |
| Q4 2024 | $806M | +3.9% |
TXN has the edge over AMD on cash flow, with more consistent year-over-year improvement.
AMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +2M shares |
| 1 year | +1.2% | +20M shares |
| 3 years | +2% | +32M shares |
| 5 years | +35% | +431M shares |
| Available history | +40% | +473M shares |
AMD has 1.7B diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $221M |
| Q4 2025 | — |
| Q3 2025 | $89M |
| Q2 2025 | $478M |
| Q1 2025 | $749M |
| Q4 2024 | $256M |
AMD has spent almost nothing on buybacks in the past year.
TXN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +1M shares |
| 1 year | +0.8% | +7M shares |
| 3 years | +0.5% | +5M shares |
| 5 years | -1.6% | -15M shares |
| Available history | -3.3% | -31M shares |
TXN has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $48M |
| Q2 2026 | $27M |
| Q1 2026 | $158M |
| Q4 2025 | $403M |
| Q3 2025 | $119M |
| Q2 2025 | $302M |
| Q1 2025 | $653M |
| Q4 2024 | $537M |
TXN spent $636M buying back its own shares over the past year, down 61% from the year before.
AMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | -1.0x | Net Cash |
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
AMD has more cash than debt.
TXN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.1x | Healthy |
| Q1 2026 | 1.2x | Healthy |
| Q4 2025 | 1.4x | Healthy |
| Q3 2025 | 1.4x | Healthy |
| Q2 2025 | 1.5x | Healthy |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.5x | Healthy |
TXN's net debt is less than a year of its operating earnings (EBITDA), down from 1.4 years a year ago.
AMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 41.4 | Neutral |
AMD's weekly RSI is 59 (neutral) and its Stochastic is 41 (neutral).
TXN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.6 | Neutral |
| Stochastic | 72.2 | Neutral |
TXN's weekly RSI is 61 (neutral) and its Stochastic is 72 (neutral).
AMD PE vs Technology Sector
| Metric | AMD | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 28x | 357% above |
| PE % | 61 | 35 | 26 pts above |
AMD is trading at 127x earnings, a 357% premium to the Technology sector's median of 28x.
TXN PE vs Technology Sector
| Metric | TXN | Sector median | Relative |
|---|---|---|---|
| PE | 40x | 28x | 45% above |
| PE % | 92 | 35 | 57 pts above |
TXN has the edge over AMD on valuation relative to its sector.
AMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $557.2 | 5.1% above |
| 20 week MA | $525.9 | 11% above |
| 50 week MA | $389.7 | 50% above |
| 100 week MA | $266.9 | 119% above |
| 200 week MA | $199.6 | 193% above |
AMD is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
TXN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $288.4 | 8.3% above |
| 20 week MA | $281.7 | 11% above |
| 50 week MA | $251.1 | 24% above |
| 100 week MA | $217.0 | 44% above |
| 200 week MA | $197.7 | 58% above |
TXN is in an uptrend: it's above all five of its weekly moving averages, and 58% above its 200-week average.
AMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.2 | $91.8 | +99% |
| 2021 | $91.8 | $146.1 | +59% |
| 2022 | $146.1 | $64.5 | -56% |
| 2023 | $64.5 | $147.4 | +128% |
| 2024 | $147.4 | $125.2 | -15% |
| 2025 | $125.2 | $215.0 | +72% |
| 2026 YTD | $215.0 | $585.3 | +172% |
AMD has the edge over TXN on returns for 2026, with the stronger performance.
TXN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $128.6 | $161.6 | +26% |
| 2021 | $161.6 | $187.4 | +16% |
| 2022 | $187.4 | $164.4 | -12% |
| 2023 | $164.4 | $170.5 | +3.7% |
| 2024 | $170.5 | $191.2 | +12% |
| 2025 | $191.2 | $176.9 | -7.5% |
| 2026 YTD | $176.9 | $312.5 | +77% |
TXN has finished higher in four of the last six years. It's up 77% so far in 2026.